India out of box market

India's longest established container manufacturer, Trans Freight Containers, has "temporarily" halted production of ISO containers at its factory near Bombay citing "adverse market conditions and severe competition from China, which have seen the company make losses for the past several years."

A spokesman for Trans Freight said the company had approached banks and financial institutions for a financial package to solve a working capital shortfall. Discussions are also underway with labour unions for a partial reduction in the workforce....